Amending Regulations Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

The proposed Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act 2018 have been published in Part I of the Canada Gazette.

The proposed amendments include changes to the:

  • Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Regulations;
  • Proceeds of Crime (Money Laundering) Terrorist Financing Regulations;
  • The Cross-Border Currency and Monetary Instruments Reporting Regulations;
  • Proceeds of Crime (Money Laundering) and Terrorist Financing Registration Regulations; and
  • Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations.